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Latest figures from the innovative online payments system Ukash reveal that its pre-paid UkashOut card solution has recorded triple-digit transaction growth since August 2009 - an impressive feat over a six month timespan.
UkashOut is a card extension to the company's original service, which enabled online users to pay cash for vouchers from retail outlets, receiving secure voucher codes for use in online purchases and deposits in a number of sectors, including online gambling. This ingenious concept provides freedom from credit and debit card fraud, repudiations and charge-backs while also protecting the personal information of the user.
The introduction of the prepaid UkashOut card was hailed as an innovative and straightforward way for operators to pay their customers, at the same time enabling the winning players to access their funds in a quick and easy way, regardless of how the original wager deposit was made.
The introduction of UkashOut has seen the take-up of cards develop rapidly, while load and unload transactions have risen by triple-digit percentages each month. UkashOut cards are issued to customers by gaming and gambling merchants, who benefit from increased loyalty as cardholders are directed back to these sites every time they top-up. Other operator advantages include reduced use of costly cheques, bank transfers and other traditional payout methods.
UkashOut is backed by MasterCard, offering users the convenience of widespread ATMs. In practical terms, the cardare issued by operators directly to customers, who then select the value they want to see withdrawn from their gaming account to the card. The cash is available for withdrawal almost immediately at an ATM or for use anywhere MasterCard is accepted, both offline and online worldwide.
ChiliPoker.com pioneered the use of the card in the gaming industry, working closely with UkashOut and initially issuing the cards to VIP customers free of charge. By adopting UkashOut, Chilipoker - which targets high rollers in 30 countries - enhanced its customer service and attracted new customers, increasing its retention rate.
UkashOut uses the existing Ukash integration, reducing the need for seperate resources and time, and making the adoption process easier through using a simple technical interface and a managed service.
Alex Dreyfus, Chilipoker CEO, said: “Our company's brand has been growing among thousands of VIP players, thanks in particular to our ability to offer $16 million dollars in tournaments every month along with premium services like personalized reward programs, a store, plus free statistical tools and customer assistance.
"For a long time we have wanted to offer a debit card that allows customers to withdraw and deposit cash directly from a Chilipoker account. This project has finally come to fruition thanks to Ukash and Mastercard.”
Mark Chirnside, CEO of Ukash, commenting on the impressive six month growth of the new UkashOut business, said: “We are delighted but hardly surprised by the success of UkashOut. We studied the market carefully before we came up with the most convenient and reliable solution possible and were always confident that UkashOut would exceed the expectations of the industry and customers. UkashOut has major benefits to merchants, cost-effectiveness and reliability being the key ones, and we expect the growth to continue.”
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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